Are condos a good investment?
Hey guys... love your site.
I am making my first residential investment soon (in GTA) but I cannot decide if I want to invest in a single family home or a condo. When I add condo fees to the equation it sucks up my cash flow. But, on the other hand, I would have to do little maitenance and will never have to replace a furnace or roof. Would my rental income be better spent paying down the mortgage or put to condo fees?
Do you have any experience with this?
Thanks for taking the time to read my question.